PIP 35 - Week 10 Incentive Programs

Week 10 distribution:

For Week 10 PieDAO proposes the distribution of a total 150,000 DOUGH reward among all Liquidity Providers to eligible PieDAO pools.

Specifically, rewards will be distributed through the following incentive programs:

  • DEFI+S/ETH - A new staking pool will be deployed and incentivized with 20,000 DOUGH as a weekly reward to LPs staking their BPTs, proportionally to their BPT share per second, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      DEFI+S/ETH new staking pool address : 0xFcBB61bcd4909bf4AF708F15AAaa905E0978cAfc From the staking page select the Escrowed DEFI+S/ETH pool (below)
      Screen Shot 2020-12-04 at 17.00.02
  • DEFI+L/ETH - A new staking pool will be deployed and incentivized with 20,000 DOUGH as a weekly reward to LPs staking their BPTs, proportionally to their BPT share per second (replacing the current geyser logic, which will be discontinued as of Saturday, Dec 5th), of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      DEFI+L/ETH new staking pool address : 0xb8E59ce1359d80E4834228eDd6a3F560e7534438 From the staking page select the Escrowed DEFI+L/ETH pool (below)
      Screen Shot 2020-12-04 at 17.00.09
  • BCP - 30,000 DOUGH will be proposed as a nominal weekly reward to incentivize the newly introduced Balanced Crypto Pie, distributed pro-rata to LPs staking their BCP, of which

    • 20% distributed liquid along the week
    • 80% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.
      NOTE: ONLY BCP should be staked to get a reward, no ETH required!
      BCP new staking pool address : 0x9EFD60f40e35B3cA7294cC268A35d3e35101BE42 From the staking page select the Escrowed BCP pool (below)
      Screen Shot 2020-12-04 at 17.00.16

This BCP incentive will replace the program currently run on DEFI++, which will be discontinued as of Friday, Dec 4th.

  • DOUGH/ETH - the pool will receive 80,000 DOUGH as a nominal weekly reward distributed to LPs, of which
    • 40% distributed liquid along the week
    • 60% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed.

All the above weekly reward distribution will start as of Friday, December 4th - 4pm UTC. Stay crusty!

3 Likes

What’s the thought behind 20% liquid for all except DOUGH/ETH? Should perhaps all be 20% liquid or all be 40% liquid?

1 Like

Imho we should eventually bring all pools to an 80/20 escrowed/liquid distribution, yet this would have represented too much of a steep increase from the current 48/52 distribution of the DOUGH/ETH pool.

3 Likes

Makes sense, thank you

Snapshot vote passed.

A new vote is up to formalize the transfer of Week 10 incentives to the multisig used for contracts top-up